The Sirius EA is a trading software that claims to deliver consistent results in the Forex market.
Sirius EA is programmed with many versatile strategies and indicators that work in conjunction with one another to generate profitable automated signals. The EA is characterized by a big drawdown which according to us disqualifies it straight away.
Vendor Transparency
The system was developed by Celestial Trading Tools (CTT), a Forex platform that offers automated trading solutions as well as provides content through its blog category. CTT is also the designer of Dynamic EA.
Its location address is 305 Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincents, and The Grenadines.
The vendor can be contacted through live chat on the website, a phone call, or WhatsApp. One can also book a callback.
How Sirius EA Works
The developers explain that their mission is to constantly innovate and adapt to the market changes so that they can deliver the consistent, sustainable, and long-term results which they claim their clients have come to depend on.
The EA trades on the MT4 platform with any broker. Upon purchase, the trader will receive the software and set up instructions. After a successful installation, the trading starts.
The software features include:
- Dedicated customer support
- Auto-stop loss, trailing stop and take profit
- Fully automated software
- Requires no trading experience
- Trades multiple currency pairs at once
- Comes with optimized settings
- Has a easy setup process
- No customization needed
- Operates day and night 24/5
- Has a built-in money management and efficient risk management functions
Timeframe, Currency Pairs, Deposit
The EA trades 12 currency pairs but the most traded ones are GBPUSD, USDNZD, EURJPY, USDCHF, and EURUSD. It trades any timeframe.
Trading Approach
There is no explanation of the trading strategy this EA uses. We are only told that the developers have brought their expertise, skills, and knowledge in the financial markets to a single platform that can deliver consistent results across the board.
The developers reveal that their systems are programmed with many versatile strategies and indicators that work in conjunction with one another to generate profitable automated signals.
They further state that the EA allows traders to learn from the experts, and copy trades of market-leading expert advisors providing them with a way of earning profits in the Forex market.
Pricing and Refund
The EA has a monthly subscription of $20 with no money-back guarantee. The amount is lower compared to subscription-based systems that we have reviewed before.
Trading Results
There is no backtesting report provided. The trading results on the screenshot below are for the live account attached to myfxbook platform though it’s not active at the moment.
The bot traded the account from April 6th, 2020 to April 2nd, 2021. The EA made a return of 69.48% in 2280 trades. The profit percentage is 59% while the maximum drawdown is 43.40.
This is a huge drawdown that can be disastrous to a trading account if the trader is not watchful.
The current balance, initial deposit, total lot size, and withdrawals are inaccessible.
The average win and average loss are 16 pips and 19 pips respectively. This means that the winning trades are closed with little profits while the losing ones are closed with a bigger loss. This can only be controlled with a proper risk to reward ratio.
People say that Sirius EA is…
A scam. Based on the customer reviews from Trustpilot, it’s clear that Serius EA is a scam. The EA vendor has a page on the platform with a star rating of 2.2/5 from 140 reviews and is ranked poor.
Most customers are complaining about the trading experience of the developers as the bot seems to be the surest way to blow accounts either quickly or in the long run. Other customers also say that everything with the system starts well after installation, then after some time things turn around and you begin to lose in big numbers.
We have attached some of the reviews at least for you to read by yourself.
There is also some customer feedback in the name of testimonials on the EA website though we don’t use them to determine the legitimacy of a system as they might have been compromised.
See the one attached below.
Verdict
Pros
- Fully automated
- Vendor identity and address disclosed
- No experience required
Cons
- Subscription-based
- No backtesting report
- Hidden trading data
- Poor reviews from customers
Sirius EA Conclusion
From what we have seen in the presentation of the Sirius EA, it looks like the system means exactly the opposite of its name. The name of the bot is pronounced as serious which you may think is what it’s all about yet in reality it’s not the case.
The negative customer reviews and huge drawdown makes it hard for us to give it a second thought. This EA is not what its name suggests, therefore don’t subscribe.
